The Board

Michael Dobson (54), Chief Executive, joined the Board of Schroders as a nonexecutive Director in April 2001, and became Chief Executive in November of that year. From 1973 to 2000 he worked for Morgan Grenfell and Deutsche Bank. He was chief executive of Morgan Grenfell Group from 1989 to 1996 and was a member of the Board of Managing Directors of Deutsche Bank AG from 1996 until 2000. He is a member of the investment committee and chairman of the audit committee of the King's Fund, a member of the advisory committee of the Staff Retirement Plan of the International Monetary Fund and chairman of the investment board of the Cambridge University Endowment Fund.

Massimo Tosato (52), Vice Chairman, joined Schroders in 1995, became Global Head of Retail in February 2001 and was appointed to the Board in August of that year. He became Global Head of Distribution in September 2003 and Vice Chairman in April 2007 when he took full responsibility for Asia and the Americas. Massimo is also responsible for New Finance Capital, the Group's fund of hedge fund business.

Between 1981 and 1992 he was a founding partner and chief executive officer of Cominvest SpA. From 1992 to 1995 he was a partner and managing director of Euromercantile SpA. From 1995 to 1999 he was responsible for Schroders' asset management activities in Italy and from 1999 to 2001 for continental Europe. He is a member of the International Advisory Board of Columbia Business School. From 2002 to 2005 he was an independent director of Banca Nazionale del Lavoro. In March 2005 he became a board director of the Parasol Unit Foundation for Contemporary Art, London.

Alan Brown (53), Group Chief Investment Officer, joined Schroders in 2005 and was appointed to the Board in July of that year. Between 2005 and 2007 Alan was Head of Investment until his appointment in April 2007 when he became Group Chief Investment Officer. He retains responsibility for equities, multi-asset portfolios and structured products. Alan is also responsible for the Group's investment policy and thought leadership for Group.

Between 1974 and 1995 he worked for Morgan Grenfell, Posthorn Global Asset Management and PanAgora Asset Management before joining State Street Global Advisors ('SSgA'). He served initially as managing director of the London office of SSgA, and later as group chief investment officer and vice chairman and executive vice president of State Street Corporation.

He is chairman and treasurer of the CERGE-EI US Foundation (Centre for Economic Research and Graduate Education - Economics Institute), an advisory council member of the CFA Centre for Financial Market Integrity and a member of the MSCI Barra Editorial Advisory Board.

Michael Miles, OBE (70), Chairman (Chairman of the Nominations Committee), was appointed as a non-executive Director and Chairman of the Board on 1 January 2003. From 1958 to 1999 he worked for the Swire Group, serving as chairman of the Swire Group in Hong Kong and of Cathay Pacific Airways from 1984 until 1988. He was chairman of Johnson Matthey plc (1998 - 2006) and a non-executive director of BP plc (1994 - 2006). He is also an adviser to the board of John Swire & Sons Ltd, chairman of BP Pension Trustees Ltd and was a governor of Wellington College (1989 -2005).

Andrew Beeson (62), Independent non-executive Director (member of the Audit, Nominations and Remuneration Committees), was appointed a Director on 1 October 2004.

He was the founder and CEO of the Beeson Gregory Group and subsequently chairman of Evolution Group plc following its merger with Beeson Gregory, before leaving in 2003. He founded the City Group for Smaller Companies in 1992 now known as QCA (Quoted Company Alliance) and became its first chairman.

Between 2001 and 2004 he was a director of IP Group Plc and is currently a non-executive director of Woolworths Group plc and Nelson Bakewell Holdings Limited, is on the advisory board of Armstrong Bonham Carter and is an adviser to DataWind Inc.

Sir Peter Job (65), Senior Independent Director (Chairman of the Remuneration Committee and member of the Nominations Committee), was appointed a Director on 29 February 2000 and was appointed Senior Independent Director in November 2003.

From 1991 to 2001 he was chief executive of Reuters Group plc. He is a non-executive director of Royal Dutch Shell plc and Tibco Software Inc. He is also a member of the supervisory board of Deutsche Bank AG and the advisory board of Mathon Systems Inc.

Merlyn Lowther (53), Independent non-executive Director (member of the Audit and Nominations Committees), was appointed a Director on 1 April 2004.

She joined the Bank of England Economics Division in 1975 and held various senior management positions within the Bank including personnel director from 1996 to 1998 and deputy chief cashier from 1991 to 1996. She was appointed Chief Cashier in 1999, a post she held until leaving the Bank in 2004. She is a trustee of Henry Smith's Charity and of the Winston Churchill Memorial Trust and is a member of the advisory group to the chief executive of Frogmore Property Company Ltd.

George W. Mallinckrodt, K.B.E. (76), President and non-executive Director (member of the Nominations Committee), joined Schroders in 1954, was appointed as a Director in 1977 and served as Chairman from 1984 to 1995. He became President in 1995.

He was a non-executive director of Siemens Holdings plc between 1989 and 2000 and was an adviser to Bain & Company and chairman of the Council of the World Economic Forum. He is vice-president of the German-British Chamber of Industry & Commerce.

Kevin Parry (45) FCA, Independent non-executive Director (Chairman of the Audit Committee and member of the Nominations and Remuneration Committees), was appointed a Director on 1 January 2003.

He qualified as a chartered accountant with KPMG in 1986 and became a partner at the firm's London office in 1994 and a senior partner in 1998. He moved to Management Consulting Group PLC in January 2000 as its chief executive. He is deputy chairman of the Royal Wanstead Children's Foundation and a non-executive adviser of Knight Frank LLP.

Bruno Schroder (74), Non-executive Director (member of the Nominations Committee), from 1954 to 1955 he worked for Schroder Gebrüder (Bank) in Hamburg and he joined the Schroder Group in London in 1960 where he worked in the Commercial Banking and Corporate Finance divisions of J. Henry Schroder Wagg & Co Ltd, London. In 1963 he was appointed a Director of Schroders plc. He is a director of a number of private limited companies.

Stephen Brooks (42), Chief Financial Officer (CFO), joined Schroders in 2006 as Global Head of Finance and Deputy CFO. Stephen was appointed CFO in April 2007, and joined the Group Management Committee on that date. As CFO, Stephen's responsibilities include:

• Financial management of the Group and its subsidiaries, including management of the Group's regulatory capital;
• Maintenance of an appropriate system of internal controls and safeguards to ensure the financial integrity of the Group; and
• Management of the Group's Finance, Compliance, Risk and Tax functions globally.

Stephen previously worked for Dresdner Kleinwort Wasserstein (DrKW) (investment bank) and was Chief Operating Officer for DrKW's North American operations, based in New York, with responsibility for all infrastructure functions in the region, before being appointed Global Chief Financial Officer in 2005.